An investment project costs $17,900 and has annual cash flows of $3,600 for 6 years. (Enter 0 when there is no payback period. Round your answers to 2 decimal places.
(a) What is the discounted payback period if the discount rate is 0 percent?
Discounted payback period years.
(b) What is the discounted payback period if the discount rate is 3 percent?
Discounted payback period years.
(c) What is the discounted payback period if the discount rate is 22 percent?
Discounted payback period years.